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Welcome to the business of certainty. When you need to understand the companies in your ecosystem, you’ll benefit from a certain approach. We capture and treat private company information for better decision making and increased efficiency.

Transfer pricing "a growing risk in Middle East"

This is according to Deloitte, which has discussed the subject in light of a new appointment to its transfer pricing team for the region.

It pointed to a combination of the growing number and variety of inter-company transactions with increased regulatory enforcement as factors that have led to transfer pricing becoming a significant risk.

Nauman Ahmed, partner in charge for Tax Advisory services at Deloitte Middle East, stated: "It is impossible to deal with international tax matters today without considering transfer pricing - especially in light of the rate of regulatory change occurring globally."

"The recent Organisation for Economic Cooperation and Development (OECD) initiative on base erosion and profit shifting (BEPS) has further highlighted the importance of transfer pricing," Mr Ahmed added.

He said the OECD's action has caused many nations to begin focusing on the need to reinforce their approach to transfer pricing.

Deloitte has appointed tax expert Adil Rao to lead its transfer pricing advisory services in the Middle East.

The organisation's comments showcase that this is an issue of global significance and the threat of regulatory action is something businesses operating in all corners of the world need to guard themselves against.

India is the greatest example of this, with transfer pricing cases in the nation regularly making the headlines in recent months. Organisations such as Nokia, IBM, Shell and Vodafone either have been or are still involved in disputes with the country's authorities, with the latter two emerging successful from their respective cases.

How Bureau van Dijk can help you

Certainty is a highly-prized commodity in business. Data might be getting bigger all the time, but this only makes extracting value from it more difficult.

In capturing and treating private company information we aim to give you more certainty –
and help you make better decisions and work
more efficiently.

Our solutions are designed to help different business challenges and streamline your workflow. Many of our customers blend our information with their own internal data to get a more complete picture of the companies in their ecosystem.